This story first appeared in the November 14, 2003 issue of WWD. Subscribe Today.
- LOSING GROUND: In the latest shakeup at Fin.part, Silvano Storer has stepped down as co-chief executive officer of the Italian fashion group. A successor to Storer, who served in the position for less than two years, has not been named. For the period ending Sept. 30, the embattled parent firm of Cerruti, Frette and Pepper Industries widened its loss to $23.8 million, or 20.3 million euros converted at current exchange, compared with a loss of $9.7 million, or 8.3 million euros, in the same period last year. Operating profits shrank 92 percent to $1.2 million, or 1.01 million euros. Consolidated sales, hurt by currency fluctuations and a steep drop in Cerruti revenue, fell 23.7 percent to $140.7 million, or 120.1 million euros. Fin.part has repeatedly said it wants to shed more of its assets, including Frette and possibly Cerruti, but buyers have been scarce. In the past year, however, it has sold Maska, Boggi and Andrea Pfister.
- TALENT SCOUT: Susan L. Burnett has joined Gap Inc. as senior vice president of talent attraction and development, a new position. Burnett will lead the strategic planning and execution of all staffing, learning and organization development activities and will report to Eva Sage-Gavin, executive vice president of human resources. Burnett spent her last 22 years with Hewlett-Packard, where she served in various capacities including vice president of workforce development and organization effectiveness, and chief learning officer.